Global Contraceptive Devices Market Outlook 2020: Opportunity and Growth Analysis – Dominated By Bayer AG, Pfizer Inc, Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck Sharp & Dohme Corp, Mylan N.V., ALLERGAN

Global contraceptive devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of contraceptive devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Global contraceptive devices market is registering a substantial CAGR of 7.90% in the forecast period of 2019-2026. This rise in the market can be attributed to the initiatives taken by government and NGO’s about contraceptives and regular advancement in technologies.

Key Market Competitors:

Few of the major market competitors currently working in the global contraceptive devices market are Bayer AG, Pfizer Inc, Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck Sharp & Dohme Corp, Mylan N.V., ALLERGAN, Reckitt Benckiser Group plc, Veru Inc., Church & Dwight Co., Inc., Medisafe Distribution Inc., CooperSurgical, Inc., Devex, Mayer Laboratories, Inc., Medisafe Distribution Inc., ANSELL LTD., Reckitt Benckiser Group plc., Agile Therapeutics, Inc., HLL Lifecare Limited, Mankind Pharma, TTK HealthCare, Boehringer Ingelheim International GmbH, V-Care Pharma Pvt. Ltd., Vardhaman Lifecare Pvt Ltd, Cipla Inc.

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Market Definition: Global Contraceptive Devices Market

Contraceptive devices are used to avoid pregnancy by the use of medical devices, medicines, and surgical methods. The sexually transmitted diseases (STDs) are also prevented by the use of it. It may be temporary or permanent and accessible to males and females accordingly. Permanent techniques include women’s sterilization and men’s sterilization Hormonal and non-hormonal are temporary techniques.

Market Drivers

  • Regular technological advancement is driving the growth of market
  • Numbers of initiatives taken by government is helping to grow the market
  • Allowance for contraceptive device on the regular basis drives the market growth
  • Increasing initiatives and support by various NGO’s are also helping the market to grow
  • Improper family planning is driving the market growth

Market Restraints

  • Surging infections due to the use of contraceptive devices are restraining the market growth
  • Increasing incidence of infertility hinders the growth of the market
  • Side effects of contraceptive devices restricts the market growth

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Global Contraceptive Devices Market Segmentation: Global Contraceptive Devices Market

By Product Type

  • Male Contraceptive Devices
  • Female Contraceptive Devices
    • Female Condoms, Diaphragms & Sponges
    • Vaginal Rings
    • Intrauterine Devices
    • Sub-dermal Implants
    • Others

By Technology

  • Hormonal Contraceptives
  • Barrier Contraceptives

By Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Clinics
  • Online Channel
  • Public Channel & NGOs
  • Others

Key Developments in the Market:

  • In September 2017, Government of India launched two new contraceptives. New contraceptives will be introduced to widen the basket of options for the population of the country to meet their needs for family planning. Under the government’s Mission ParivarVikas, a key family planning initiative, contraceptives are being introduced.
  • In September 2017, Prega News of Mankind Pharmaceuticals partnered with SpiceJet. This collaboration will be launching a series of initiatives to make air travel more enjoyable and comfortable for pregnant women.

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Reasons to Purchase this Report

  • Current and future of global contraceptive devices market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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